A fresh solution to the pension crisis

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Trying to educate people to engage with their pension has failedGetty Images

David Budworth

Last updated at 4:57PM, April 17 2013

Trying to educate individuals to engage with their pension and make sensible
decisions about how much they need to save is doomed to failure, according
to a survey by pension consultant Hymans Robertson.

Almost six out of ten (57 per cent) of the people questioned, all of whom are
contributing to a money purchase pension, said they were “Not Confident”
that their pension savings would deliver an adequate retirement income. Nor
are the sure what action they need to take. Nearly a quarter (23 per cent)
said they did not know how much of their monthly salary they needed to